The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-22
FINANCE and COMMERCE.
HONEY Q TO 8 PER CENT, NEW
YORK EXCHANGE Is PREM.
Cotton Quiet-Middling Cotton, 1O3c
Sales Yesterday I'm
important.
APPEAL 0PFIcR.

APPEAL 0PFIcR. /
TUESDAY EVENING, June Il, 1851
There is no change in the money market,
the supply of money is sufficient for the de-
mand. Bank rates for loans to per cent.
But little is done at tho Stock EXCHANGE,
and the propriety of adiourning its call meet
ings until September is under consi6er alton.
Today but few bids and offerings were made.
and the only transaction reported was the
sale Of 20 shares of Vanderbilt Insurance
Sompany stock at %.
The Memphis cotton markets. quiet; mid
ding. lOszc; no sales.
At New York spot closed quiet and steady
middling lilo; futures closed barely steady
aIi of l point on the old crop and off to
points on the new; June, 10. 769l0.77c.
In the New Orleans market spots closed
dali aud nominal ;midd ing, 10 IL. Ice; futures
closed steady and points lower on the old
crop and 3 points lower Oh the new.
A leading New York cotton circular say s
Of tbs future market: 1T was a feveIish
market all day, aud while the cost Of old Gro p
changed SOS points higher at times the ed
vance was not sustained. The early gain
was due in great measure to manipulation.
The failure of the Cincinnati bank, and a
break here, in wheat AID coffee, coupled
with an indifferent demand for spots, all ap-
peartd to carry more or less rthscted inAu-
ence. The new crop was firm in the morn
ing, but afterwsrd eased of somewhat under
better weather reports"
From Liverpool no cotton reports were re-
ceived today, owing TO the celebration of the
Queens jubilee, but reports will be received
tor orrow mornir as usual.
The grain market is depressed. Wheat is
weak, and a. Chicago broke to 6S54c today,
but closed at Zoe. Corn and oats are dull and
weak, being in sympathy with wheat. As to
the losses entaied by the Chicago wheat cor
ner, lis in tsresting to inquire who has been
the gamer where so much money has been
lost. The Chicago Tribune gives the following
inf formations
"The avaiIs of the transaction may be said
to be distributed among the scalpers who
were shrewd enough 70 operate at The right
time for break, and the men who owned
the wheat ut other points which has been
poured in at such tremendous rate as to
break the resolution of the clique. The lat
ter have reaped rich harvest, and it is un-
fortunate Tor the farmer that he has not
secured a larger proportion OF II Most of
the " eat had been bought loon after har-
vest By mile or those who soli against it
in this mari et, and Tor several days they
realized on some halfa million bushels per
day an averaRe of perhaps 10 cents per
bushel more than could have been obtained
for It in any other market in the west.
1t is eonsoling to know that il the
whole gain has not gone whers il would have
a0ne the most good, about all the loss has
como out Of the pockets of the specul ltors
and the,r, agents, the former being the men
who cJuld los 1t with the least disadvantage
to The rest Of the community. Most of them
went into the business in very much the
same spirit as they would bet on horse race
Or in faro bank, and deserve as little COM
miseration in the event of loss as they would
have shown mercy had they been fortunate
enough to get the upper hand in the deal %
The grocery market Is quiet. Molasses
has stiffened in tone, but coffees have been
seriously disturbed by violent fluctuations
in he speculative market. and are weaker
aud lower.
IMPORTS.
-Four hundred and fifty SKIS brand; 10 bbis
beans and peas, ia pkgs bacon, 500 pks
boots and shoes, 500 Blu corn, 2 pkgs chees,
sT SKIS cotton seed, 1888 pkGs dry goods, 81
lpkes eggs, 1902 bbls 1out, 722 bales hay. rs
head sheep, 90 head cattle. "a head horses
and mSss' 20 pEs sFd dso$ s d9 Ell, o. lam
~ bbls molasses, 400 kegs nails, 1000 bu oats,
s cars pork sides, so bills sugar, AS pkgs
tobacco.
ELEVATOR REPORTS.
The following shows the amount Of grain
received withdrawn and in store by regular
elevators, as reported to the Merchants kx-
change yesterday: .Corn-received, none;
received, none; withdrawn, 400 bu; in
store, 1884 bus